Good Tuesday afternoon, folks. You know, I came oh-so-close to suggesting Intelligent Content Enterprises (ICEIF) was at a buy-worthy point in yesterday's newsletter. The stock had fallen rather sharply over the course of the past two sessions, for no reason at all. With a story as good as the one ICEIF has though, the odds strongly favored a bounceback.
Sure enough.
The chart below tells the story. With textbook perfection, Intelligent Content Enterprises shares only had to kiss the 200-day moving average line (green) with yesterday's low before bouncing back. By the end of the day more than half of the intraday loss had been erased. The bulls followed-through today with a big surge, putting an explanation point on what now looks like something of a mini-capitulation on Wednesday.
Happy hump-day everyone. Did we all see the news from Sack Lunch Productions (SAKL) this morning? If not, no biggie - I can sum it up for you in one sentence below. But, there's a lot about the press release that also needs to be said, even if SAKL didn't make a point of putting it in writing.
The news: In a nutshell, Sack Lunch posted a list of all its public scheduled events for the remainder of the year. It's already completed 56 events, and has 93 more lined up, for a total of 149. The number doesn't include the private sponsored evens various companies have booked for 2016. And, the list didn't include any event that may be added to the calendar in the meantime. For perspective on how much growth that is, last year, Sack Lunch Productions hosted about 100 of these events. The company anticipates about 250 of them this year.
Then it hit me like a ton of bricks as I was reading through the list of all the events Sack Lunch Productions has on its schedule for 2016.... something we hadn't made perfectly clear yet. That is, the 250 events on the calendar for this year aren't just a best-guess or a goal. The vast majority of those are already booked events. It's not as if current and would-be SAKL owners don't have every reason in the world to expect the company's top line to swell from $10 million last year to $18 million this year.
Hello folks, and welcome to the Tuesday edition of the SmallCap Network newsletter. Let's just dive in start with what I think is (still) the most pressing issue facing stocks.... and it's not the Brexit debate.
I don't know if you know it or not, but you're seeing a paradigm shift unfurl before your very eyes. It's not a ground-shaking, jaw-dropping event, which is why I suspect most traders don't even realize it's happening. But, it's there, if you choose to look at it.
What I'm talking about is the continuing demise of the U.S. dollar, and the corresponding demise of U.S. interest rates in sync with the greenback's weakness.
Howdy folks, and welcome back to the new trading week.
Before we get too far into anything else, let's first show you what I think is the most pressing item on today's agenda... a look at the bullishness we've been seeing from Featured Stock Sack Lunch Productions (SAKL).
Frankly, the chart speaks for itself. After hitting a support level at $0.11 last week, the bulls sprang back to life. Over the course of the past two days the stock's really rekindled what's become a long-term uptrend, crossing back above the 20-day moving average line. Better yet, we're starting to see the volume pour in today, suggesting the majority of traders are getting back on board despite a little late-day profit-taking
Good Friday afternoon, one and all, and welcome to the weekend. I don't know about you, but I know I'm ready for it. Before you get too deep into your weekend plans though...
I don't know how many of you are already The Future Investor subscribers, but if you're not yet, you may want to go ahead and become a member. James Brumley has some pretty amazing stuff going on over there with his team, and if you're not getting that particular newsletter, you're missing out on opportunities.
Case in point: Remember yesterday when we showed you the chart of the NYSE's advancers, decliners, up volume, down volume, and how that compares to the S&P 500's performance? [James makes those charts for us, but the way.] Well, as it turns out, he's turned the data into an outright trading system for TFI members. And, while past performance is no guarantee of future results -- even James acknowledges that -- past performance is certainly a pretty good indication of what the future is apt to hold as long as that past is based on reasonably re-producable results. And, from my conversation with Brumley today about what he showed The Future Investor members in Friday's edition, I'm pretty excited about what his system is going to be able to do in the future.